J&T Express Global Strategy Pays Off as New Markets Turn Profitable

HONG KONG – March 30, 2026 – J&T Global Express Limited (stock code: 01519) has demonstrated the potent success of its global expansion, reporting a landmark year for 2025 with total revenue surging 18.5% to US$12.2 billion. The logistics giant announced that its total parcel volume crossed the 30-billion mark for the first time, while its adjusted net profit more than doubled to US$425 million, significantly outperforming market expectations.

The most significant milestone in its annual results is the historic achievement of full-year profitability in its "New Markets"—including Saudi Arabia, the UAE, Mexico, Brazil, and Egypt—just three years after commencing operations. This pivotal turnaround, combined with solidified dominance in Southeast Asia and resilient performance in China, underscores the effectiveness of the company's replicable, tech-driven business model.

A Global Blueprint for Growth

J&T's 2025 performance is a powerful validation of its long-term globalization strategy. The company's financial health showed remarkable improvement across the board, with free cash flow increasing by an impressive 96.1% to US$494 million, signaling robust operational efficiency and capital management.

"2025 was a year of fruitful achievements for J&T's globalization strategy," said Dylan Tey, Chief Financial Officer of J&T Express, in the company's official announcement. "Our global parcel volume and revenue both recorded strong growth... Our leadership in the Southeast Asia market has been consolidated, with profitability significantly enhanced; New Markets also achieved profitability within just three years, marking an important milestone in our globalization journey."

The results paint a picture of a company firing on all cylinders. Gross profit climbed 35.7% to US$1.46 billion, expanding the gross margin to 12.0%. This comprehensive success across diverse geographical segments validates the company's approach of exporting its operational expertise and technological backbone to new regions while adapting to local market dynamics.

Southeast Asia: The Uncontested Growth Engine

The Southeast Asian market remains the crown jewel of J&T's operations, where it achieved a trifecta of volume growth, market share expansion, and enhanced profitability. Parcel volume in the region skyrocketed by a staggering 67.8% year-over-year to 7.66 billion, marking a four-year high in its growth rate. This surge propelled a 39.8% increase in revenue to US$4.5 billion.

According to data from Frost & Sullivan, J&T's market share in Southeast Asia expanded by 5.8 percentage points to 34.4%, cementing its position as the top express delivery operator for the sixth consecutive year. This dominance is fueled by the region's booming e-commerce sector and J&T's strategic role as an independent enabler for major platforms like TikTok, SHEIN, Lazada, and Shopee. By integrating order resources across platforms and expanding its non-e-commerce customer base, the company has created a resilient and diversified revenue stream.

Furthermore, J&T successfully exported its efficiency model from China to Southeast Asia, driving down the cost per parcel to US$0.48. This allowed the company to offer competitive pricing while simultaneously boosting its adjusted EBIT margin in the region to 11.9%, with adjusted EBIT surging 77.5% to US$538 million.

New Frontiers Reach Profitability

Perhaps the most telling indicator of J&T's strategic success is the rapid turnaround in its New Markets. Launched in 2022, operations in Saudi Arabia, the UAE, Mexico, Brazil, and Egypt collectively achieved profitability for the first time, recording a positive adjusted EBIT of US$4 million for 2025. This marks a swift and significant shift from previous losses, with the second half of the year showing a positive adjusted EBIT of US$0.09 per parcel.

This achievement was driven by a 43.6% growth in parcel volume to 404 million, far outpacing the industry's 18% growth in these regions. The company's success stems from its ability to replicate its proven operating model, combined with deep partnerships. J&T not only supports global cross-border e-commerce giants like SHEIN and Temu but has also forged crucial local alliances, such as its cooperation with Mercado Libre, Latin America's largest e-commerce platform. The partnership earned J&T the "Mercado Libre 2025 Best Carrier Award," a testament to its service quality. The burgeoning e-commerce landscape in these markets, with Mexico's logistics market alone projected to grow at a compound annual rate of over 17%, provides a fertile ground for J&T's continued expansion.

The Efficiency Edge in a Competitive China

In the fiercely competitive Chinese market, J&T demonstrated remarkable resilience and a commitment to high-quality growth. Despite an industry backdrop characterized by intense price wars, often referred to as "involution," the company managed to grow its parcel volume by 11.4% to 22.07 billion, raising its business volume ranking to fifth in the nation.

The key to its success in China has been a relentless focus on operational efficiency. J&T achieved a record-low cost per parcel of US$0.28, a feat accomplished through deep, end-to-end operational refinements and a significant push for automation at its outlets. This cost control allowed the company to maintain profit resilience, posting an adjusted EBIT of US$94 million for the year. Beyond cost-cutting, J&T is building competitive barriers by deepening cooperation with major brand customers, expanding its "Express Delivery to Villages" project to increase rural coverage, and deploying over 1,000 unmanned logistics vehicles to innovate its last-mile services.

Investing in the Backbone of Global Logistics

Underpinning J&T's global success is a sustained and strategic investment in its physical and technological infrastructure. In 2025, the company's capital expenditures reached US$594 million, funding a significant expansion of its operational capacity. The number of sorting centers grew to 246 globally, highlighted by the fourth-quarter launch of its largest self-built center in Guangzhou, China. This massive facility spans 320,000 square meters and can process over 15 million parcels daily.

To handle the surge in volume, the company's logistics fleet was expanded with a net addition of approximately 1,880 line-haul vehicles. Automation also saw a major boost, with 134 new automated sorting equipment sets bringing the global total to 413. This investment is not just about scale but also intelligence. J&T leverages a proprietary global intelligent address platform that uses AI to parse, standardize, and correct addresses, dramatically improving sorting accuracy and enabling optimized route planning for its growing fleet of delivery vehicles, including its new unmanned units. These foundational investments are what enable the cost efficiencies and service quality improvements driving profitability across its entire 13-country network.